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Stock-Based Compensation (Tables) | 9 Months Ended
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Sep. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Summary of Stock Option Activity | The table below summarizes the Company’s stock option activity:
(in thousands of USD, except unit price) |  | Number of Options |  |  | Weighted- Average Exercise Price |  |  | Weighted-Average Remaining Contractual Term (in years) |  |  | Aggregate Intrinsic Value |
Balance as of January 1, 2024 |  |  | 10,883,310 |  |  | $ | 14.18 |  |  |  | 5.78 |  |  | $ | 75,758 |
Granted |  |  | 241,920 |  |  |  | 22.45 |  |  |  | - |  |  |  | - |
Forfeited |  |  | (86,070 | ) |  |  | 17.68 |  |  |  | - |  |  |  | - |
Exercised |  |  | (51,981 | ) |  |  | 11.04 |  |  |  | - |  |  |  | - |
Balance as of September 30, 2024 |  |  | 10,987,179 |  |  | $ | 14.35 |  |  |  | 5.11 |  |  | $ | 2,966 |
Options vested and expected to vest as of September 30, 2024 |  |  | 10,827,764 |  |  |  | 14.26 |  |  |  | 4.89 |  |  |  | 2,966 |
Options exercisable as of September 30, 2024 |  |  | 7,576,891 |  |  |  | 11.22 |  |  |  | 4.21 |  |  |  | 2,966 |
Summary of RSU Activity | The table below summarizes the Company’s RSU activity:
|  | Number of RSUs |  |  | Weighted Average Grant-Date Fair Value |
Balance as of January 1, 2024 |  |  | 509,192 |  |  | $ | 20.34 |
Granted |  |  | 2,651,265 |  |  |  | 22.50 |
Forfeited |  |  | (142,221 | ) |  |  | 22.50 |
Vested |  |  | (478,368 | ) |  |  | 20.45 |
Balance as of September 30, 2024 |  |  | 2,539,868 |  |  | $ | 22.46 |
Summary of Compensation Expenses for All Stock-Based Payment Arrangements | The following table presents the effects of stock-based compensation in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2024 |  |  | September 30, 2023 |  |  | September 30, 2024 |  |  | September 30, 2023 |
|  | (in thousands of USD) |  |  | (in thousands of USD) |
Cost of revenue |  | $ | 2,492 |  |  | $ | 349 |  |  | $ | 8,109 |  |  | $ | 951 |
Marketing |  |  | 357 |  |  |  | 137 |  |  |  | 1,112 |  |  |  | 351 |
General and administrative expenses |  |  | 11,609 |  |  |  | 2,252 |  |  |  | 62,893 |  |  |  | 7,118 |
Total |  | $ | 14,458 |  |  | $ | 2,738 |  |  | $ | 72,114 |  |  | $ | 8,420 |

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